{"id":14699,"date":"2023-12-12T13:01:51","date_gmt":"2023-12-12T13:01:51","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14699"},"modified":"2023-12-12T13:02:59","modified_gmt":"2023-12-12T13:02:59","slug":"blackrock-predicts-low-carbon-transition-mega-force-will-drive-investment-opportunities-in-2024","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/blackrock-predicts-low-carbon-transition-mega-force-will-drive-investment-opportunities-in-2024\/","title":{"rendered":"BlackRock Predicts Low Carbon Transition \u201cMega Force\u201d will Drive Major Investment Opportunities in 2024"},"content":{"rendered":"\n
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Investment giant BlackRock announced today the release of its 2024 Private Markets Outlook, identifying the low-carbon transition as one of a few key \u201cmega forces\u201d that it expects to drive \u201cmajor investment opportunities\u201d over the next year, and calling out specific infrastructure-related areas including clean energy and electrification.<\/p>\n\n\n\n

In its report, BlackRock highlights the \u201cmassive reallocation of capital\u201d expected to be driven by the need to rewire energy systems in order to transition to a low carbon economy. The firm said that according to its BlackRock Investment Institute Transition Scenario (BIITS), capital investment in the global energy system could double to $4 trillion annually through 2050 driven by the adoption of low carbon energy sources, which it expects to make up 70% of the world\u2019s energy by 2050. BlackRock said that it developed BIITS to help assess how the low carbon transition is expected to play out, and the potential impact on portfolios.<\/p>\n\n\n\n

In addition to decarbonization solutions, BlackRock also noted investment opportunities in climate resilience, or the preparation and adaptation to climate hazards, as well as rebuilding after climate-related damage.<\/p>\n\n\n\n

Driven by these factors, BlackRock\u2019s review says that \u201cinfrastructure is having a moment,\u201d adding that:<\/p>\n\n\n\n

\n

\u201cThe need to reconfigure the global energy system to decarbonize the economy is one driving mega force that presents considerable long-term private markets investment opportunities in infrastructure development.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Specific infrastructure opportunities highlighted by the review included \u201cenergy storage, the electrification of transport, and alternative fuels for aviation and marine.\u201d<\/p>\n\n\n\n

The report follows a series of moves by BlackRock over the past few months to address climate and energy transition-related infrastructure opportunities. In October, the firm launched<\/a> a new Climate Transition-Oriented Private Debt Fund, which has already received a $1 billion commitment from the UAE\u2019s new climate investment platform, ALT\u00c9RRA, with another $1 billion from ALT\u00c9RRA to be invested in transition-related infrastructure through BlackRock\u2019s infrastructure equity strategies. In November, the firm also announced that it has raised nearly $1 billion<\/a> in client commitments at the initial close of its energy transition and energy security-focused Evergreen Infrastructure fund.<\/p>\n\n\n\n

Additional private market megatrends highlighted by the report included \u201cdigital disruption and AI,\u201d \u201cdemographic divergence,\u201d \u201cthe future of finance,\u201d and \u201cgeopolitical fragmentation.\u201d Click here<\/a> to access the report.<\/p><\/span>","protected":false},"excerpt":{"rendered":"

Investment giant BlackRock announced today the release of its 2024 Private Markets Outlook, identifying the low-carbon transition as one of a few key \u201cmega forces\u201d that it expects to drive \u201cmajor investment opportunities\u201d over the next year, and calling out specific infrastructure-related areas including clean energy and electrification. In its report, BlackRock highlights the \u201cmassive […]<\/p>\n","protected":false},"author":2,"featured_media":14700,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[36,2],"tags":[],"acf":[],"yoast_head":"\nBlackRock Predicts Low Carbon Transition \u201cMega Force\u201d will Drive Major Investment Opportunities in 2024 - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/blackrock-predicts-low-carbon-transition-mega-force-will-drive-investment-opportunities-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock Predicts Low Carbon Transition \u201cMega Force\u201d will Drive Major Investment Opportunities in 2024 - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Investment giant BlackRock announced today the release of its 2024 Private Markets Outlook, identifying the low-carbon transition as one of a few key \u201cmega forces\u201d that it expects to drive \u201cmajor investment opportunities\u201d over the next year, and calling out specific infrastructure-related areas including clean energy and electrification. 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